The share price of UOB Kay Hian Securities (Thailand) Public Company Limited (UOBKH) fell 5.59% at the closing of the morning session on January 17, 2022, after hitting the ceiling in the previous trading session.
UOBKH closed the morning session at THB8.45 per share, decreased THB0.50 or 5.59% with a trading value of 85 million baht in an anticipation that there could be a profit-taking move after the share price rose 29.71% last Friday.
In the early morning of Friday’s trading session, Citibank Thailand published a press release early Friday, stating that Citi has reached a deal with UOB to sell its consumer-banking businesses in Thailand, Indonesia, Malaysia, and Vietnam. The acquisition will include Citi’s retail banking and credit card businesses excluding institutional business in all four countries.
After the report and the opening bell of the Thai stock market, the share price of UOBKH, one of Asia’s largest brokerage firms and a part of a Singaporean multinational banking organisation, UOB, made a significant gain and hit the ceiling at THB8.95 per share.
